IIFT Daily Note with Peter Brown

Little easier

Posted by:  |  Time: 7:09 am  |  Topic:
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Markets down a little overnight.Nothing dramatic untill we here some details of the deal. Sticking point seems to be on the EFSF,

It has to be leveraged from the current 440bln. Only country with that ability is Germany. What will they demand in return? Closer controll most likely. Will the other countries agree to that and will it require treaty change. These are the issues that will make or break this plan. This could go either way. We have to wait and see which way it breaks.

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